SOLD
Marcus & Millichap Facilitates $6M Sale Of Self-Storage Facility In Madras, OR
2086 Northwest Andrews Drive
Self Storage
49,675 SF
49,675 SF
Sold 320 days ago
Summary
Sale
OREGON
Self Storage
49,675 sqft
A self-storage facility in Madras, Oregon has been sold for a price of $6 million. The property, known as Mountain View RV & Mini Storage, spans approximately 49,675 square feet and consists of 385 units. The price per unit (PPU) amounts to $15,584, while the price per square foot (PPSF) is $121. Marcus & Millichap facilitated the sale of this property to an out-of-state buyer.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: $6,000,000
- Units: 385
- Price per Unit (PPU): $15,584
- Square Footage: 49,675
- Price per Square Foot (PPSF): $121
- Address: 2086 Northwest Andrews Drive, Madras, OR
- Market: Madras, OR
Christopher Secreto and Samuel Olson from Marcus & Millichap served as the brokers in this transaction. They represented the sellers during the sale of Mountain View RV & Mini Storage.
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Details
SOLD
IMAGE: Christopher Secreto & Samuel Olson
DATE: 06/20/2023
ADDRESS: 2086 Northwest Andrews Drive
MARKET: Madras, OR
ASSET TYPE: Self Storage
BROKERS: Christopher Secreto & Samuel Olson - Marcus & Millichap
SALE PRICE: $6,000,000
UNITS: 385 ~ PPU: $15,584
SF: 49,675 ~ PPSF: $121
NOTE: Marcus & Millichap has facilitated the sale of Mountain View RV & Mini Storage, a self-storage facility in Madras, Oregon. The 49,675-square-foot property, developed by the sellers and purchased by an out-of-state buyer, was sold for $6 million.View on map
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Address2086 Northwest Andrews Drive
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